KRA’s transaction monitoring must be fair

Times Tower in Nairobi, the headquarters of the Kenya Revenue Authority (KRA).

Photo credit: File | Nation Media Group

My attention was drawn by a recent article in the Business Daily indicating that the Tax Appeals Tribunal had backed the Kenya Revenue Authority (KRA) in taxing unexplained bank and mobile money deposits, strengthening the authority’s fight against tax evasion.

As Kenya continues to strengthen its tax systems and broaden the revenue base, the intention to capture untaxed income is both necessary and commendable.

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Note: The results are not exact but very close to the actual.